Khaitan & Co acts on Kaynes Technology ₹1,600 crore QIP

Khaitan & Co acted as legal counsel to Kaynes Technology India Limited in relation to Qualified institutions placement of 28,72,788 equity shares of face value of ₹10 each, at a price of ₹5,569.50 per Equity Share, including a premium of ₹5,559.50 per Equity Share, aggregating to ~₹1,600 crore.

The transaction team consisted of Subhayu Sen (Partner), Aayush Mohata (Partner), Aparna Bagree (Partner) and Anshul Mordia (Senior Associate).

Khaitan & Co had also advised Kaynes Technology on their previous QIP.

Kaynes Technology is a leading end-to-end and IoT solutions-enabled integrated electronics manufacturer in India having capabilities across the entire spectrum of ESDM services. The Company has over three decades of experience in providing Conceptual Design, Process Engineering, Integrated Manufacturing and Life Cycle Support for major players in the Automotive, Industrial, Aerospace and Defence, Outer-space, Nuclear, Medical, Railways, Internet of Things (“IoT”), Information Technology (“IT”) and other segments.

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